Category: Top Stories
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ACEP calls for competitive bidding in Ameri Power Plant relocation contract
The Africa Centre for Energy Policy (ACEP) is asking the government to use a competitive bidding process in awarding the contract to relocate the AMERI power plant from Takoradi to Kumasi. According to ACEP, negotiations have advanced between the Ministry of Energy and Mytilineous SA to have the $35.6 million contract awarded under a sole…
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We remain committed to getting LPG retailers to resume operations – NPA
The National Petroleum Authority (NPA) has assured consumers of its commitment to getting LPG Retailers to resume operations soon. Speaking to Citi Business News, the Communications Manager at NPA, Mohammed Abdul-Kudu, stated that his outfit is working hard to have the issues resolved. He stated that the assurance he could give to the consuming public…
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Online registration of businesses to begin in year’s time – Registrar General
The Registrar General has indicated that her outfit will begin the digital registration of businesses from next year. According to her, this user friendly online platform would facilitate the registration of businesses and prevent the long delays associated with business registration in the country. Speaking at a roundtable discussion organised by Veritas International Nominees and…
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E-levy should not be scrapped despite slash in revenue target – Economist insists
Amidst several calls for the scrapping of the electronic transfer levy following another revision in the revenue target for the levy, some economists insist the levy should not be scrapped. The government had hoped to rake in about GH₵6.9 billion from the e-levy, but the figure was revised downwards to about GH₵4.9 billion following the…
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Côte d’Ivoire, Ghana to no longer sell cocoa at origin differentials below zero
Côte d’Ivoire and Ghana have decided to no longer sell their cocoa at origin differentials below zero, from as much as 125 pounds below the ICE terminal market, their joint Côte d’Ivoire-Ghana Cocoa Initiative (CIGCI) announced in Accra on Friday. The origin differential is an additional country quality premium that has traditionally been determined by…
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New deadline for SIM re-registration too short – MoMo agents association
The Mobile Money Agents Association has said the two months extension announced by the government is not enough time to guarantee that all Ghanaians would re-register their SIM cards. According to the association, the challenge for many registrants is their inability to access their Ghana Cards. In an interview with Citi News, the Secretary of…
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Ghana’s return to the IMF will restore investor confidence – Republic Bank MD
Managing Director of Republic Bank (Ghana) PLC, Benjamin Dzoboku has stated that Government’s decision to go to the International Monetary Fund (IMF) to seek for economic assistance will go a long way to help increase the ability of banks to increase lending to priority sectors of the economy. Despite, data showing that many sectors of…
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AfCFTA’s $11million institutional support grant will cover areas of advocacy and increased workforce – APN
The AfCFTA Secretariat, which is currently undertaking various initiatives to support its Agreement, will use part of the 11 million dollars institutional support grant provided by the African Development Bank towards the development of the private sector, an advocacy drive, and the creation of employment opportunities. This was made known during the keynote address at…
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UG, AMG, ICL and Impuct hub partner to launch ‘Innovation for African Universities Connecting Accra Project’.
As part of efforts to promote enterprise skills development, and address graduate unemployment and the disconnect between stakeholders in the entrepreneurial ecosystem in Ghana, the officer of research, innovation and development (ORID) at the University of Ghana in collaboration with the Imperial College London (ICL), and the impact hub Accra, have launched the ‘Innovation for…
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Parliament approves US$1.3 billion cocoa syndicated loan for next crop season
Parliament has approved a US$1.3 billion cocoa syndicated loan. The facility, which is the largest soft commodity deal in sub-Saharan Africa, will be used to finance cocoa purchases and related operational activities in the 2022/2023 crop season. Since the 1992/1993 crop season, COCOBOD has consistently and successfully, through the pre-export syndicated finance facility, obtained a…